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#1
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Re: Bankroll Formula for Multitabling Props
I've been playing for a few years, propping full time for about 3 months. Now that I think about it I did have a two day streak where I lost about 1400. I had the most amazing bad beats over and over again. That was pretty bad. Still pay for those days was over 700 so the losing streak got cut in half.
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#2
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Re: Bankroll Formula for Multitabling Props
GG today, too bad the site got all screwy. Maybe I will se you on there later.
I found a good bankroll thread with Mason M and another guy that seemed really smart. They use this formula: Bankroll=-((variance)Squared/(2*WR))*LN(ROR) WR=winrate(hourly I am assuming) LN=magic button on my calculator ROR=desired risk of ruin in percent Example: For your typical B+M 15/30 pro(poor sap) here are his numbers. WR=30 Variance=600 ROR=5% I know the 600 variance may be way high but I am trying to be conservative here. Bankroll=-((600)Squared/(2*30))*LN(.05)=$17,974 Now giving myself the same very high variance: Bankroll=-((600)Squared/(2*100))*LN(.05)=$5392 Now, go to a more reasonable variance of $400, still higher than I think it really is, and change the ROR to 1%. Bankroll=-((400)Squared/(2*100))*LN(.01)=3684. Obviously the key variables here are winrate and variance. To be on the the safe side I think I will keep my roll at 6k, 300 BB. Factoring in prop pay, I have virtually 0% chance of ever going broke. |
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